Mccarter Theatre Company
- Assets
- $37.7m
- Revenue
- $9.2m
- Investments
- $29.5m
- Employees
- 258
- Location
- Princeton, NJ
- Founding
- 05/1963
- Data as of
- 06/2023
- EIN
- 21-0724198
Organization Overview
Mccarter Theatre Company is located in Princeton, NJ. The organization was established in 1963. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Mccarter Theatre Company employed 258 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mccarter Theatre Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Mccarter Theatre Company generated $9.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $13.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MCCARTER IS ONE OF THE COUNTRY'S FLAGSHIP PRODUCING THEATRES, A VIBRANT COMMUNITY GATHERING SPACE, AND CENTER FOR THE PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORMANCES & GATHERINGS: PLEASE SEE SCHEDULE O FOR DETAILED PROGRAM DESCRIPTION.
EDUCATION & COMMUNITY PARTNERSHIPS: PLEASE SEE SCHEDULE O FOR DETAILED PROGRAM DESCRIPTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Rasmussen Artistic Director | Officer | 50 | $315,180 |
Michael Rosenberg Managing Dir. Thru 09/2022 | Officer | 60 | $237,692 |
Piper Burrows Director Of Development | 40 | $170,058 | |
Sudha Iyer CFO | Officer | 40 | $142,716 |
Debbie Bisno Director Of Partnerships | 40 | $129,225 | |
Charlotte Hussey Director Of It | 40 | $121,718 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bbb Touring Llc Presenter | 6/29/23 | $324,801 |
American Repertory Ballet Company Presenter | 6/29/23 | $216,069 |
Situation Marketing Llc Advertising | 6/29/23 | $188,526 |
Bard At The Gate Inc Production Services | 6/29/23 | $158,250 |
Isaacson Miller Inc Employment Agency | 6/29/23 | $120,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $100,964 |
| Related organizations | $0 |
| Government grants | $994,939 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,322,416 |
| Noncash contributions included in lines 1a–1f | $26,376 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,418,319 |
| Total Program Service Revenue | $4,297,277 |
| Investment income | $1,450,450 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $31,137 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,197,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $657,107 |
| Compensation of current officers, directors, key employees. | $186,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,795,511 |
| Pension plan accruals and contributions | $177,948 |
| Other employee benefits | $777,231 |
| Payroll taxes | $715,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,796 |
| Fees for services: Accounting | $80,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $119,287 |
| Fees for services: Other | $750,813 |
| Advertising and promotion | $478,273 |
| Office expenses | $84,253 |
| Information technology | $312,563 |
| Royalties | $0 |
| Occupancy | $599,702 |
| Travel | $106,165 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,782 |
| Interest | $66,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $395,168 |
| Insurance | $165,769 |
| All other expenses | $512 |
| Total functional expenses | $13,817,604 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $660,992 |
| Savings and temporary cash investments | $432,068 |
| Pledges and grants receivable | $1,013,379 |
| Accounts receivable, net | $504,681 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,587 |
| Net Land, buildings, and equipment | $3,033,416 |
| Investments—publicly traded securities | $1,055,453 |
| Investments—other securities | $29,497,390 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,361,010 |
| Total assets | $37,715,976 |
| Accounts payable and accrued expenses | $497,595 |
| Grants payable | $0 |
| Deferred revenue | $1,182,959 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,349,880 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,360,896 |
| Total liabilities | $4,391,330 |
| Net assets without donor restrictions | $4,078,787 |
| Net assets with donor restrictions | $29,245,859 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $37,715,976 |